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Business News of Wednesday, 28 October 2015


Bureaucratic delays weigh on our businesses – PEF

Nana Osei-Bonso Nana Osei-Bonso

Private Enterprise Federation (PEF) says unnecessary bureaucratic delays in the issuance of permits, licences and business certificates by public regulatory agencies is stifling the efforts of investors and growth of the country's private sector.

The trend, according to the PEF, weighed heavily on businesses of most investors in the private sector.

The Chief Executive Officer of PEF, Nana Osei Bonsu, made the call at a public forum in Accra to sensitise the public on “streamlining cross-sector licensing requirements in Ghana”.

He said a study conducted by the PEF in 2013 found that there was the need for the licensing requirements of the country to be streamlined to make up for the lapses in the system.

“Our members are complaining that their licences are being delayed. These delays are causing a lot of money to be lost for our businesses. It is possible that all these agencies could collaborate so that once you get started you will not be distracted.

“The private sector can become efficient if these administering agencies are up to their task. Any delays and hold-ups affect the private sector adversely.”